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Hormel Foods HRL Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

General Mills logo
General MillsGIS
$36.43M+13.0%
Sysco logo
SyscoSYY
$39M+14.7%
PepsiCo logo
PepsiCoPEP
$162M+11.7%

Other financials

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation

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Market cap$13.3B
Enterprise value$15.35B
P/E18.9×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseCost.

The official record: Hormel Foods’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hormel Foods's non-cash lease expense?
Hormel Foods (HRL) reported non-cash lease expense of $10.79M in Q1 2026.
How has Hormel Foods's non-cash lease expense changed year-over-year?
Hormel Foods's non-cash lease expense increased by 13.2% year-over-year, from $9.53M to $10.79M.
What is the long-term trend for Hormel Foods's non-cash lease expense?
Over 4 years (2021 to 2025), Hormel Foods's non-cash lease expense has grown at a 25.9% compound annual growth rate (CAGR), from $16.7M to $41.9M.
What does non-cash lease expense mean?
Non-cash accounting adjustment for the cost of using leased assets like facilities or equipment.
How do you interpret non-cash lease expense?
Changes reflect shifts in the company's lease portfolio and the scale of its physical footprint.
How does non-cash lease expense compare across companies?
Standard for companies with significant real estate or logistics equipment lease obligations.